{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-23-000022","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.590316+00:00","generated_at":"2026-06-19T03:10:16.212238+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Opendoor Q4 2022 revenue $2.9B, net loss $399M; guides Q1 2023 revenue $2.45-2.65B, Adj EBITDA -$350M to -$370M","bullets":["Q4 2022 revenue $2.9B, down 25% YoY; homes sold 7,512, down 23% YoY.","GAAP net loss $399M vs $191M loss in Q4 2021; Adjusted EBITDA -$351M vs breakeven.","Full year 2022 revenue $15.6B (+94%), net loss $1.353B, adjusted EBITDA -$168M.","Q1 2023 guidance: revenue $2.45-2.65B, Adjusted EBITDA -$350M to -$370M.","New book (post-Q2 cohort) contribution margin 9.7% in Q4; expect positive unit margins by 2H 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-23-000022","json":"https://secwatch.observer/filing/0001801169-23-000022.json","markdown":"https://secwatch.observer/filing/0001801169-23-000022.md","text":"https://secwatch.observer/filing/0001801169-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/0001801169-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/open-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:10:16.212238+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0bdc6d721f588a2f4316e42ae37f59b2e8c9b41e","claim":"Opendoor Technologies Inc. reported Full Year 2022 results: revenue $15.6 billion, net income $(1.4) billion. Guidance initiated.","evidence_excerpt":"Full Year 2022 Key Highlights • Total revenue of $15.6 billion, up 94% versus 2021; with 39,183 homes sold, up 80% versus 2021 • Gross profit of $667 million, which reflects an inventory valuation adjustment on homes remaining in inventory at year end of $458 million; Gross Margin of 4.3% versus 9.1% in 2021 • Net loss of $(1.4) billion, versus $(662) million in 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/0001801169-23-000022-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$15.6 billion"},{"label":"Net income","value":"$(1.4) billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"69cf3259435b306fba10309e51b4f574a1cdb4b0","claim":"Opendoor Technologies Inc. reported Fourth Quarter 2022 results: revenue $2.9 billion, net income $(399) million. Guidance initiated.","evidence_excerpt":"Fourth Quarter 2022 Key Highlights • Revenue of $2.9 billion, down (25)% versus 4Q21; with 7,512 total homes sold, down (23)% versus 4Q21 • Gross profit of $71 million, which reflects an inventory valuation adjustment on homes remaining in inventory at year end of $73 million; Gross Margin of 2.5%, versus 7.1% in 4Q21 • Net loss of $(399) million, versus $(191) million in 4Q21","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/0001801169-23-000022-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$2.9 billion"},{"label":"Net income","value":"$(399) million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}